Sabre Insurance Group (LON:SBRE) Hits New 12-Month High – What’s Next?

Sabre Insurance Group plc (LON:SBRE) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 169 and last traded at GBX 166, with a volume of 1020149 shares traded. The stock had previously closed at GBX 164.15.

Analyst Upgrades and Downgrades

SBRE has been the topic of a number of research analyst reports. Berenberg Bank boosted their target price on Sabre Insurance Group from GBX 185 to GBX 195 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Jefferies Financial Group reiterated a “hold” rating and set a GBX 152 target price on shares of Sabre Insurance Group in a research report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 169.25.

Sabre Insurance Group Trading Down 0.4%

The firm has a market cap of £401.67 million, a price-to-earnings ratio of 10.77, a P/E/G ratio of 4.08 and a beta of 0.07. The firm has a 50 day moving average price of GBX 156.48 and a 200-day moving average price of GBX 143.15.

Insider Buying and Selling at Sabre Insurance Group

In other news, insider Geoffrey Richard Carter sold 148,146 shares of Sabre Insurance Group stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of GBX 160, for a total transaction of £237,033.60. Also, insider Adam Richard Westwood sold 72,426 shares of Sabre Insurance Group stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of GBX 160, for a total value of £115,881.60. In the last ninety days, insiders have bought 351 shares of company stock valued at $55,125 and have sold 251,193 shares valued at $40,190,880. Insiders own 1.47% of the company’s stock.

About Sabre Insurance Group

Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles in the United Kingdom. It offers taxi, private car, and motorcycle insurance through a network of insurance brokers, as well as through its Go Girl and Insure 2 Drive brands. The company was founded in 1982 and is based in Dorking, the United Kingdom.